President Trump and administration officials indicated the fallout could intensify in the coming days, even as he has kept himself at a remove from the crisis.
Category: Layoffs and Job Reductions
-
IBM to Cut Thousands of Workers Amid A.I. Boom
The technology supplier said it was shifting its focus to higher-growth businesses, including A.I. consulting and software.
-
The Workers Left Out of Trump’s Drug-Manufacturing Renaissance
President Trump wants pharmaceutical production to return to the United States. A shuttered factory in Louisiana shows how hard that will be for generic medicines.
-
Starbucks Reports a Modest Sales Increase in Latest Quarter
Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
-
G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
-
Paramount to Lay Off 2,000 Employees
The job cuts are the result of a merger with Skydance, the Hollywood studio founded by David Ellison.
-
U.S. Manufacturing’s Mixed Picture in 4 Charts
President Trump vowed to bring factories back. Is he succeeding?
-
UPS Has Already Cut 48,000 Workers This Year
The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
-
Hollywood Weeps as Warner Bros. Hangs a Sale Sign
Losing the stand-alone studio, suddenly a real possibility, would be “heartbreaking,” one producer said.
-
Target to Cut 1,800 Corporate Jobs in Efficiency Drive
The retail chain’s incoming chief executive, who will take over in February, cited “too many layers and overlapping work” in a memo.